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Model output · Signal date 2026-10-16

Caredx, Inc. (CDNA) Stock Forecast Oct. 16, 2026

Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq

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Rating · 90D ▲ Bullish Exact rating locked
90-day forecast Sign up free to reveal
30-day forecast Alpha
Rank in coverage Top 35% of 5172 stocks scored
Rank correlation · 90D 44.0% Spearman, 357 dates
Market Cap $3.31B mid-cap · #10 of 29 peers
Summary

Caredx, Inc. (CDNA) stock forecast summary

Our AI ranks Caredx, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

Caredx, Inc. is a mid-cap company with a market capitalization of $3.31B. It ranks number 10 by market capitalization among the 29 Services-Medical Laboratories issuers in our coverage with a current forecast. Its ROE of 26.1% is the highest of the 14 peers that report one.

For CDNA, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 44.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 16.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)

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Price

CDNA price chart and AI forecast

CDNA
Cross-section · 2026-10-16

How CDNA ranks among 5172 stocks

90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).

Fundamentals · 2026-06-30

Caredx, Inc. (CDNA) fundamentals

Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Services-Medical Laboratories peers listed below that report each metric.

Valuation & Market

MetricCDNAIndustry medianRank
Market Cap $3.31B $1.04B 10/29
P/E Ratio 34.98x 30.64x 3/6
P/B Ratio 7.78x 2.47x 5/22
EPS $1.83 – –
Book Value/Share $8.23 – –
Revenue/Share $8.85 – –

Profitability & Margins

MetricCDNAIndustry medianRank
ROE 26.1% -9.4% 1/14
ROA 20.8% -10.8% 1/20
ROIC 24.3% -12.9% 3/24
Operating Margin 23.3% -13.4% 3/23
Net Margin 24.2% -7.1% 3/17
EBT Margin 25.1% -12.2% 3/23
Tax Rate 3.7% – –

Financial Health

MetricCDNAIndustry medianRank
Current Ratio 4.58x 3.61x 11/26
Quick Ratio 4.51x 4.51x 6/11
D/E Ratio 0.25x 0.40x 13/22
Financial Leverage 1.25x 1.40x 13/22
Working Capital $336M $242M 12/26

Cash Flow

MetricCDNAIndustry medianRank
Operating Cash Flow $94M -$910K 8/27
OCF Growth YoY 428.5% 18.4% 1/7

Operational Efficiency

MetricCDNAIndustry medianRank
Asset Turnover 0.86x 0.63x 6/18
Receivables Turnover 13.3x 7.0x 2/19
Fixed Assets Turnover 17.1x 4.4x 3/17
Days Sales Outstanding 27 days 52 days 18/19

Income Statement

MetricCDNAIndustry medianRank
Total Revenue $458M $357M 9/19
Operating Income $107M -$11M 3/26
Net Income $111M -$20M 4/20
R&D Expense $80M $56M 8/20
SG&A Expense $322M $244M 8/20

Dividend & Shareholder Information

MetricCDNAIndustry medianRank
Shares Outstanding 52M – –
Net Income Growth 114.8% 31.3% 2/5
EPS Growth 128.8% 23.0% 2/6

Balance Sheet Highlights (USD millions)

Total Current Assets$429M80.5% of assets
Cash & Short-term Investments$374M70.1% of assets
Accounts Receivable$34M6.5% of assets
Inventory$7M1.3% of assets
Total Liabilities$107M20.1% of assets
Short-term Debt$84M15.8% of assets
Quarterly Financial Reports

CDNA quarterly financials and insider trading

Industry Peers · Services-Medical Laboratories

Caredx, Inc. (CDNA) industry peers

Companies classified under the same SEC industry code as Caredx, Inc. (Services-Medical Laboratories): 30 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.

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Company 90-Day AI Forecast (Alpha) Market Cap P/E Ratio P/B Ratio
CDNA Caredx, Inc. ▲ $3.31B 35.0x 7.8x
NTRA Natera, Inc. ▲ $56.71B – 31.1x
DGX Quest Diagnostics Inc ▼ $25.94B 25.0x 3.5x
LH Labcorp Holdings Inc. ▶ $25.79B 26.3x 3.0x
GH Guardant Health, Inc. ▲ $21.28B – –
CAI Caris Life Sciences, Inc. ▲ $8.64B 6.4x 14.6x
RDNT Radnet, Inc. ▶ $5.41B – 4.9x
GRAL Grail, Inc. ▲ $5.26B – 2.1x
BLLN Billiontoone, Inc. ▲ $4.63B 338.3x –
VCYT Veracyte, Inc. ▲ $3.47B 37.8x 2.5x
CELC Celcuity Inc. ▲ $2.77B – –
FTRE Fortrea Holdings Inc. ▶ $2.14B – 4.1x
PSNL Personalis, Inc. ▼ $1.67B – 7.1x
FRNM Freenome, Inc. ▶ $1.26B – –
LMRI Lumexa Imaging Holdings, Inc. ▶ $1.04B – 1.7x
CSTL Castle Biosciences Inc ▲ $976M – 2.1x
FLGT Fulgent Genetics, Inc. ▲ $545M – 0.5x
BDSX Biodesix Inc ▲ $250M – 27.3x
XGN Exagen Inc. ▲ $187M – 15.3x
BNR Burning Rock Biotech Ltd ▲ $139M – 2.4x
SERA Sera Prognostics, Inc. ▼ $80M – 1.3x
CFOR Capforce Inc. ▶ $43M – 0.6x
MDXH Mdxhealth Sa ▲ $20M – –
AMS American Shared Hospital Services ▼ $9M – 0.4x
ADVB Advanced Biomed Inc. ▶ $7M – 0.7x
ACON Aclarion, Inc. ▲ $5M – 0.3x
BGLC Bionexus Gene Lab Corp ▲ $4M – 0.5x
LUDG Ludwig Enterprises, Inc. ▼ $670K – –
FCHS First Choice Healthcare Solutions, Inc. ▶ $260K – –
RNLXY Renalytix Plc ▲ N/A – –

Where CDNA sits on the market map

Industrial Applications and Services · Services-Medical Laboratories
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News

Caredx, Inc. (CDNA) stock news

source: Seeking Alpha

Hello, everyone. Thank you for joining us, and welcome to the CareDx Q4 2025 Financial Results Earnings Call. [Operator Instructions] I will now hand the call over to Caroline Corner Investor ...

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FAQ

Caredx, Inc. (CDNA) stock forecast FAQ

What is the Caredx, Inc. (CDNA) stock forecast?

Our AI ranks Caredx, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

How accurate are Caredx, Inc. stock predictions?

For CDNA, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 44.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 16.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

How often are Caredx, Inc. forecasts updated?

Caredx, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.

Which companies are Caredx, Inc.'s industry peers?

30 issuers in our coverage, CDNA included, share the SEC industry code Services-Medical Laboratories. The largest are: Natera, Inc. (NTRA), Quest Diagnostics Inc (DGX), Labcorp Holdings Inc. (LH), Guardant Health, Inc. (GH), Caris Life Sciences, Inc. (CAI), Radnet, Inc. (RDNT).

This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.